Exchange Traded Concepts LLC Has $4.05 Million Position in International Business Machines Co. (NYSE:IBM)

Exchange Traded Concepts LLC decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 72.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,409 shares of the technology company’s stock after selling 47,456 shares during the period. Exchange Traded Concepts LLC’s holdings in International Business Machines were worth $4,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Beaird Harris Wealth Management LLC increased its stake in shares of International Business Machines by 67.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,236 shares of the technology company’s stock worth $214,000 after purchasing an additional 496 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in International Business Machines in the second quarter valued at about $7,160,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter valued at approximately $36,000. Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of International Business Machines by 10.5% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,660 shares of the technology company’s stock valued at $460,000 after purchasing an additional 253 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in International Business Machines by 16.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,571 shares of the technology company’s stock worth $272,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Sanford C. Bernstein upped their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Jefferies Financial Group increased their price target on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $220.73.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $224.69 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The firm has a market capitalization of $207.75 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The company has a 50-day simple moving average of $224.33 and a two-hundred day simple moving average of $212.32.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.